Allianz UK posts £1.93bn GWP
Broker household account grows while broker motor book struggles.
Allianz Insurance has reported gross written premium (GWP) of £1.93bn for 2013, up from £1.88bn in 2012.
Operating profit before tax also went up, from £161.5m to £170.5m, while combined operating ratio (COR) improved from 96.3% to 95.9%.
The commercial arm of the business saw GWP climb from £974m to £1bn, and posted a COR of 96.3% (2012: 97.9%).
The retail division’s COR worsened in 2013, from 94.2% to 96.1%, although GWP increased to £931m from £906m.
Outstanding numbers
Jon Dye, CEO at the
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